TC Energy Variance
| TRP Stock | | | CAD 87.61 0.71 0.82% |
The Variance indicator for TC Energy is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis. TC Energy has a market cap of 90.46 B, operating margin of 45.44%, current ratio of 0.51.
World Market Map adds portfolio-level perspective. Tracking TC Energy Corp in a portfolio helps measure its contribution to overall performance. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence TC Energy Corp's company valuation — related indicators include
signals in inflation.
TC Energy Corp has current Variance of 1.08. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 1.08 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
TC Energy Corp is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
4.98 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for TC Energy Corp sits at
4.98 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare TC Energy to Peers
Other Technical Indicators